Nifty ends above 18200 today on positive global cues
Sensex up 533 pts, Nifty ends above 18200 today, on positive global cues
Indian stock markets opened a gap-up on Wednesday tracking the positive cues from the US markets overnight. Nifty today opened at 18170.40 levels up by 114.65 points while Sensex made a positive opening of 397.48 points at 61014.37. The key indices extended their gains for the fourth consecutive day today.
Stock market news updates today
The Indian stock markets traded above their neutral lines as investors were not worried about the increasing covid cases, as reports suggest the fast-spreading Omicron virus is not virulent and hospitalization cases are very low. Further, Mumbai mayor Kishori Pednekar also stated that the number of fast-spreading covid cases is now declining in the city.
Indian markets got further support from the World Bank’s latest Global Economic Prospects report. The global bank on Tuesday retained India’s gross Domestic Product (GDP) growth forecast at 8.3 percent for the FY22 as it was earlier forecasted in October 2021.
On a global front, Asian markets closed in the green after less-hawkish comments from US Federal Reserve Chairman, Jerome Powell about rate hikes to control inflation. Sentiments were upbeat as China’s consumer price inflation slowed down in December. The European markets are trading higher tracking positive cues from US and Asian markets.
Sensex and Nifty at the Close Today
At the close, Nifty was up by 156.60 points or 0.87 percent and closed at 18212.35 levels while Sensex gained 533.15 points or 0.88 percent and finished at 61150.04 levels. The Bank Nifty index also closed higher today, it was up by285.35 points or 0.74 percent on spot and ended at 38727.55 levels.
The broader markets also gained in line with their larger peers, as the Nifty midcap and smallcap indexes closed positive today. The Nifty midcap index was up by 391.15 points or 1.25 percent and closed at 31791.55 levels. The Nifty smallcap index gained by 102.40 points or 0.88 percent and finished at 11749.10 levels.
Top Nifty Gainers and Losers Today
The top gainers in the Nifty 50 index were M&M, Bharti Airtel, IndusInd Bank, Reliance, and Hindalco. Whereas the top losers were Titan, TCS, Shree Cement, Britannia, and Cipla.
The top gainers in the Nifty midcap index were Vodafone Idea, Indian Hotels, and M&M Financials and the losers were Max Financial, Alembic Pharma, and Torrent Pharma.
The top gainers in the Nifty smallcap index were Sequent Scientific, Graphite India, and Chambal Fert. and the losers were Alok Industries, Westlife Dev, JB Chemicals
The most active stocks in the Nifty index in terms of value were Reliance, HDFC Bank, and TCS. The most active stocks in terms of volume were ONGC, Tata Motors, and SBI.
On a sectoral front, barring Pharma, and Consumer Durables all other sectors were closed in the green today. The sectors that rallied the most were Realty, Energy, Auto, Metals, and Financial Services.
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Happy Investing!!
Editorial desk
